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Internet Market Close Report for 1998.04.14

Steve Harmon
By Steve Harmon

Market Close Snapshot


































 
14-Apr-98
% change
point change

ISDEX
167.49
2.11%
3.46

ISDEX Price Weighted Composite
1,725.38
1.70%
28.81

NASDAQ
1,843.03
0.99%
18.08

DJIA
9,110.20
1.09%
97.90

  • Infoseek (NASDAQ:SEEK) agrees to acquire free home page web community WBS for 350,000 SEEK shares or about $6.7 million based on recent price. WBS counts 2.7 million members. That puts the deal at $2.48 per member. Mecklermedia’s WebSite Value Index shows SEEK trading at more than $40 per user so it appears Infoseek got a fire sale price here. The buy puts Infoseek at 14 million monthly users.

  • Sportsline (NASDAQ:SPLN) reports record revenue for its first quarter, up 359% to $6.79 million while net losses also increased to $9 million from $6.23 million. Page views jump 383% vs. 1Q97 to an average 4.22 million page views per day, up 49% vs. 4Q97.

  • CheckPoint Software (NASDAQ:CHKPF) agrees to acquire Internet-address management developer MetaInfo Inc. for about $27.5 million or 683,200 shares. MetaInfo’s products will be integrated into Check Point’s leading firewall software solutions. Not quite the earth-shattering deal we expect from Check Point but one small step towards offering an integrated package perhaps?

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